The number of layoffs has crossed last year’s three-week average of around 1,060 sackings as more companies take up the layoff route to stay afloat amid a stubborn funding winter.
Prepladder Neuros launch delayed till March as about 14 teachers have resigned over the last four months
The company plans to increase its assets under management (AUM) to Rs 250-300 crore this year from the current Rs 100 crore.
The liquidation process spells an end to a startup whose implosion and months-long battle for survival sent shock waves through Southeast Asia and India’s tech industries.
The GoMechanic episode casts a dark shadow over all participants in the fray including deep-pocket investors, Sequoia and Tiger Global, the media which rushed to celebrate their unrealised success and, of course, the founders who may have even ignored warnings of financial irregularities from their auditors
Gullak had earlier raised $1.3 million as part of its pre-seed round led by Better Capital and some angel investors, including Vimal Kumar and Sheetal Lalwani (Co-founders at JusPay)
The funds would be used to expand the company's presence and outreach by lending to students and towards the development of the Indian education ecosystem, the lending firm has said
Spark 02 founders will also have access to select Surge sessions and get mentorship from Sequoia India and Southeast Asia portfolio specialists across hiring, product, legal, finance, product, technology, and marketing
The funds coming into Indian startups through the private equity and venture capital route slowed down in 2022. The ecosystem witnessed a prolonged effect of the funding winter. In the run-up to the Budget, we present you the MC Budget Manifesto, where we list key expectations of various sectors from FM Sitharaman. So what do the Indian startups wish for in 2023? Let’s find out.
Piyush Goyal said the database can help the government in its procurement of goods and services.
The company raised this amount in a Series A funding round led by Asia Impact SA.
The laid-off employees are from Ola Cabs, Ola Electric, and Ola Financial Services verticals
The sheer novelty of new locations in an offsite and informal approach often help bring new thoughts, new angles to reaching common goals and above all break down walls of communication
Global investors were still positive about the Indian startup ecosystem despite the global slowdown, as per the report titled 'Startup Tracker-CY 22'.
In a candid interview with Moneycontrol, KreditBee co-founder and CEO Madhusudan Ekambaram said that he intends to take the company public in three years. He also shared the rationale behind raising funds and provided an overview of the company's revenue and profit numbers.
The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till Feb. 10 to negotiate broader terms on the term loan, the people said, asking not to be identified as the information isn’t public.
Aimed at encourage entrepreneurship and innovation, the Startup India Innovation Week will conclude on the National Startup Day on January 16
This comes as B2C K-12 online edtech startups in India have been suffering post-pandemic with demand falling, while those operating in the B2B edtech segments witnessed tailwinds of growth with schools more open to adopting innovation.
Overall, VC firms invested $2.3 billion in crypto startups during the quarter, a 75% drop from the same period the previous year, according to PitchBook.
Almost 85 percent of the loss amount was because of change in value of preference shares
Budget 2023: The lack of policy penetration, legacy artefacts in Indian regulations and restrictions on operations are pushing Indian innovation overseas
The average deal size of late-stage transactions (investment into companies that are over 10 years old, or Series G or later rounds of institutional investments) fell 39 percent to $90 million in 2022 from $148 million last year.
Byju Raveendran's comments on how users like Byju's courses come at a time when the company has been heavily criticised in the media about allegedly mis-selling and over-selling its courses, even to poor families in the country.